Circuit City is undergoing the same economic crunch most of us are. They are now thinking about closing at least 150 of their 712 stores. Thousands of jobs will be lost in an effort of the company to hold off Chapter 11 bankruptcy. The Wall St. Journal reports that it is working with an investment bank to help them out before the upcoming holiday season. We expect this will not be the last retailer, electronics or otherwise, to feel the pinch in the weeks to come.
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